Cathie Wood, founder of ARK Invest, has continued buying Circle shares during a 42% decline from earlier levels this year, according to BeInCrypto and Yahoo Finance reports. Wood said Wall Street analysts covering Circle do not understand the company’s true long-term value. Circle, which went public earlier this year, issues USDC, one of the largest dollar-pegged stablecoins (digital tokens designed to track fiat value) in circulation. Its business depends partly on interest earned from reserves backing USDC, leaving revenue exposed to interest-rate changes and regulation governing stablecoin reserves. Investors are also assessing competition from other issuers and the sustainability of reserve-based income if rates decline. Wood’s buying reflects ARK Invest’s established strategy of taking concentrated positions in companies it believes mainstream analysts have misunderstood. The outcome will depend on USDC’s market share, interest-rate trends and the development of stablecoin regulation, while continued uncertainty could keep Circle’s shares volatile.